Penn National Gaming Inc (PENN)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -690,200 | -138,900 | 784,200 | 881,100 | 974,000 | 957,200 | 1,059,600 | 1,135,100 | 1,059,600 | 953,100 | 910,200 | 366,900 | -410,200 | -518,500 | -534,900 | -171,100 | 571,900 | 685,000 | 661,000 | 644,400 |
| Total assets | US$ in thousands | 16,064,200 | 16,168,600 | 17,028,000 | 17,040,000 | 17,502,100 | 17,535,100 | 17,880,800 | 18,071,100 | 16,872,100 | 15,748,700 | 15,078,200 | 14,888,200 | 14,667,300 | 14,812,000 | 14,321,500 | 13,938,400 | 14,194,500 | 14,318,000 | 14,321,500 | 13,498,200 |
| Operating ROA | -4.30% | -0.86% | 4.61% | 5.17% | 5.57% | 5.46% | 5.93% | 6.28% | 6.28% | 6.05% | 6.04% | 2.46% | -2.80% | -3.50% | -3.73% | -1.23% | 4.03% | 4.78% | 4.62% | 4.77% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-690,200K ÷ $16,064,200K
= -4.30%
PENN Entertainment Inc's operating return on assets (operating ROA) has fluctuated over the past eight quarters, ranging from a low of 2.26% in Q4 2023 to a high of 6.28% in Q1 2022. The trend shows a general decrease from the highest point in Q1 2022 to the lowest point in Q4 2023, indicating a potential decline in the company's operating efficiency and profitability in utilizing its assets to generate operating income.
The decrease in operating ROA could be a result of various factors such as increased operating expenses, lower revenue generation, or inefficient asset utilization. It is essential for investors and stakeholders to closely monitor the trend in operating ROA to assess the company's operational performance and profitability over time. Further analysis of the company's financial statements and operational activities may be necessary to identify the root causes behind the fluctuations in operating ROA and to implement strategic measures to improve performance.
Peer comparison
Dec 31, 2023